We are delighted to announce that a team from Capital Economics, led by Roger Bootle, has won the Wolfson Economics Prize 2012.
The Prize, which is the second-biggest award to an economist after the Nobel Prize, sought to find the best answer to the question: “If member states leave the Economic and Monetary Union, what is the best way for the economic process to be managed to provide the soundest foundation for the future growth and prosperity of the current membership?”.
There were more than 400 entries from a wide range of competitors, including global financial institutions, independent consultancies and leading academic economists. Our initial submission was updated and improved to take account of comments from the judges and the revised version is now available.
With events in the euro-zone constantly developing and driving sentiment worldwide, it is more important than ever to get sound, rigorous and independent analysis of the pressures facing the currency union and its future prospects.
Capital Economics has been well ahead of the pack in anticipating developments in the region, concluding as far back as 2010 that the chances of some form of euro-zone break-up had risen above 50%. We will continue to publish detailed analysis of the issues raised and their implications both for Europe and the rest of the world.
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